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Levine Inc., which produces a single product, has prepared the following standard cost sheet for...

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Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (9 pounds at $1.80 per pound) $16.20 Direct labor (6 hours at $14.00 per hour) $84.00 Direct materials purchased and used (2,500 pounds) $5,000 Direct labor (1,660 hours) $22.908 Compute the total, price, and quantity variances for materials and labor Total materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance eTextbook and Media Ass

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